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Cirrus Logic Grows Earnings Despite Revenue Decline

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Cirrus Logic Grows Earnings Despite Revenue DeclinePhoto, wide shot, wide-angle lens, Telecom equipment supplier, Blue hour, twilight, cool, ISO1200, slow shutter speed, photo by Michael Light: https://img.theapi.app/temp/ad10ed87-71d0-4096-a50b-ba9470f8264b.png

Audio chip developer Cirrus Logic (NASDAQ: CRUS) reported its fiscal first-quarter results after the market closed on July 31. Revenue declined, but the company managed to grow adjusted earnings thanks to improvements in gross margin and operating expenses. Cirrus expects another revenue decline in the second quarter, but the company sees long-term growth opportunities outside of the smartphone market.

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Q1 2020

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